Checklist for HOA Board Member Code of Ethics
Defines the value system of the HOA and how directors must behave
Clarifies ethical standards regarding loyalty, fidelity, integrity, honesty, confidentiality and competency
Establishes ethical standards that enable board members to avoid potential grey areas
Incorporates preferred business practices, appropriate legal requirements, and the expected code of conduct for board members
An ethics code or conduct code can be an invaluable tool to ensure that board members are aware of the “line in the sand” when it comes to grey areas and turn an otherwise confusing situation into a clear decision. A good practice is to distribute your board member code of ethics to the homeowners as well as the board. This will make the board’s actions accountable to each other and the homeowners, creating a transparency that’s a win-win for directors and owners.
How do your Board of Director Code of Ethics differ from ECHO’s suggestions? You can obtain a sample code and read more here: http://www.echo-ca.org/article/ethics-code-hoa-board-members